Boeing traces faulty fire extinguishers to supplier: WSJ
(Reuters) – Boeing Co has traced the incorrectly assembled engine fire extinguishers on 787 Dreamliners to the manufacturing of bottles at a supplier’s facility while saying there were no risks to flight safety, the Wall Street Journal reported.
Analysis: U.S. retailers say uneven recovery keeps consumers cautious
(Reuters) – From Wal-Mart Stores Inc and Gap Inc to Macy’s Inc and McDonald’s Corp, chains that cater to middle- and lower-income Americans say they are feeling the pinch of an uneven economic recovery.
China to probe IBM, Oracle, EMC for security concerns: paper
SHANGHAI (Reuters) – China’s Ministry of Public Security and a cabinet-level research center are preparing to probe IBM Corp, Oracle Corp and EMC Corp over security issues, the official Shanghai Securities News said on Friday.
Delhi power company struggles to pay dues as blackouts loom
NEW DELHI (Reuters) – Gopal Saxena, the chief executive of a power distribution company run by Reliance Infrastructure Ltd , which is controlled by Indian billionaire Anil Ambani, faces a tough choice.
China, Japan lead record outflow from Treasuries in June
NEW YORK (Reuters) – China and Japan led an exodus from U.S. Treasuries in June after the first signals the U.S. central bank was preparing to wind back its stimulus, with data showing they accounted for almost all of a record $40.8 billion of net fore…
Ecuador to open Amazon’s Yasuni basin to oil drilling
QUITO (Reuters) – Ecuador will open up part of the Amazon rainforest to oil drilling after rich nations failed to back a conservation plan that would have paid the country not to explore in the area, President Rafael Correa said on Thursday.
BHP faces possible U.S. anti-corruption enforcement action
MELBOURNE (Reuters) – BHP Billiton said on Friday U.S. authorities have laid out grounds for possible enforcement action against the top global miner for corrupt practices, stepping up a four-year probe linked partly to its 2008 Olympics sponsorship.
CFTC asks court not to dismiss suit against U.S. Bancorp unit
NEW YORK (Reuters) – U.S. regulators on Thursday asked a federal court not to dismiss their lawsuit against a bank tied to the blow-up of brokerage Peregrine Financial, saying the bank helped bring about millions of dollars of losses for Peregrine cust…
SEC bars Conrad Black from U.S. directorships
(Reuters) – The U.S. securities regulator on Thursday banned former press baron Conrad Black from acting as a director of a U.S. company and said he must pay $4.1 million in restitution in a settlement that ends a long-standing lawsuit over Black’s dea…
SEC bars Conrad Black from U.S. directorships
(Reuters) – The U.S. securities regulator on Thursday banned former press baron Conrad Black from acting as a director of a U.S. company and said he must pay $4.1 million in restitution in a settlement that ends a long-standing lawsuit over Black’s dea…
